KARACHI: With the support of friendly countries, the financing of foreign exchange in excess of the current financial year has been arranged.
Deputy Governor of the State Bank, Murtaza Syed, said in a meeting with economic analysts yesterday that Pakistan has arranged financing of 4 billion dollars from friendly countries.
Qatar will receive $2 billion in support, the United Arab Emirates will receive $1 billion in investment, and Saudi Arabia will provide $1 billion in financing in the form of deferred oil payments. With the support of friendly countries, Pakistan’s capital requirement for the current financial year has not only been met, but more than 7 billion dollars has been arranged.
He told economic analysts that financing in the amount of $30 billion would be required for the fiscal year 2022-23. The $30 billion includes the current account deficit and repayment of debts. Dollar financing will be available.
